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Results: Bank Policy

Dog looking up
13 January 2022

Interest rate rises to continue this year

Welcome to my first fortnightly column on mortgage rate levels and prospects in New Zealand. At the start of 2022 we can see that ...

Bag with 2022 on the tag
17 December 2021

2022 will bring more mortgage rate increases

We started 2021 with the average one year fixed mortgage rate at 2.49%, the three year rate at 2.65%, and the five year rate 2.99%...

Beam scales
06 December 2021

Guest post: Residential home loans: fix or float?

In this article, John Bolton, CEO of Squirrel Mortgages looks at how to pick the right fixed home loan rate term in a rising inter...

11 November 2020

Why interest rates will remain low for a few years - Tony Alexander

Banks lend out about $280 billion to households for housing purchases. But they have funding from households exactly equal to $200 billion. It might pay to stop and think about that number for a moment.

Back view of young couple walking on grass
20 July 2020

Rate cuts are likely to be short term only

Margins are below average for terms of three years and longer. This tell us that unless there's a change in borrowing costs, anyone holding out for further falls in rates is taking quite a gamble.

Hand holding small globe, in front of mountain landscape
01 May 2020

Breaking: Loan-to-value (LVR) rules are removed by the RBNZ

The Reserve Bank of New Zealand (RBNZ) announced yesterday that the loan-to-value ratio (LVR) restrictions that they put in place back in 2013 will be removed from 1 May for 12 months. So what does this mean?

Banker in corporate attire, pointing finger
20 April 2020

Does a mortgage holiday affect your credit score?

During the lockdown, many New Zealanders financially affected by Covid-19 have been taking up the banks' offers of going on a mortgage holiday (also referred to as a repayment deferral).

Coins in a vice, sitting on a calculator